National Association of Insurance Commissioners Releases First Update on State Insurance Regulatory Response to COVID-19

WASHINGTON, June 24 -- The National Association of Insurance Commissioners issued the following news releas

The NAIC releases its first update regarding the current pandemic and the insurance industry: A Report of the NAIC on the State Insurance Regulatory Response to COVID-19. Protecting policyholders and addressing the unfair treatment of consumers is central to the state insurance regulatory framework. This report chronicles state insurance regulators' actions from January 1, 2020-May 31, 2020, and how those actions have helped mitigate the impacts the pandemic is having on insurance consumers.

Additional reports will be issued as the COVID-19 pandemic continues to evolve.

COVID-19 Report (https://content.naic.org/sites/default/files/inline-files/naic_covid_19_report_1.pdf)

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.